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Bank of Uganda ; Capital Markets Authority (CMA) ; Insurance Regulatory Authority of Uganda: Ukraine: National Securities and Stock Market Commission (NSSMC) United Arab Emirates: Central Bank of the UAE ; Securities and Commodities Authority (SCA) ; Insurance Authority (IA) United Kingdom: Prudential Regulation Authority (PRA) ;
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority (FSA). [ 1 ] [ 2 ] [ 3 ] The authority is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.
The following is a list of regulators in the UK. Regulators exercise regulatory or supervisory authority over a variety of endeavours. In addition, local authorities in the UK provide regulatory functions in a number of areas.
Deposit insurance and resolution authority are also parts of the banking regulatory and supervisory framework. Bank (prudential) supervision is a form of "microprudential" policy to the extent it applies to individual credit institutions, as opposed to macroprudential regulation whose intent is to consider the financial system as a whole.
Whereas most financial regulatory authorities have a national mandate, there are instances of both subnational and supranational authorities: Subnational authorities are extant most prominently in Canada and the United States, at the level of individual provinces and states respectively, and in autonomous territories such as British Overseas Territories and Crown Dependencies, Constituent ...
A full list of businesses considered banks by the Prudential Regulation Authority are listed in the table below. The list is based on the definition of 'bank' in the glossary of the PRA Handbook. [20]
Prudential Regulation Authority (United Kingdom) Topics referred to by the same term This disambiguation page lists articles associated with the title Prudential Regulation Authority .
Section 1A outlines the regulatory objectives of the Financial Conduct Authority: (a) market confidence; (b) financial stability (c) public awareness; (d) the protection of consumers; and (e) the reduction of financial crime. Section 2A establishes the Prudential Regulation Authority; Part II Regulated And Prohibited Activities